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Celebrity foreclosures show extent of housing woes

LOS ANGELES – Tabloid magazines like to reassure us that celebrities are just like us – they go grocery shopping, take their dogs for a stroll around the neighborhood, even pump their own gas.

These days, that can also hold true when it comes to the plummeting real estate market. [...]

Down-payment aid debatedHome buyers turning to non-profits for cash

Arizonans treading in the housing market’s choppy waters have found an unusual lifeline – a group of non-profit organizations that siphon down payments from home sellers to buyers.Use of the decade-old practice known as down-payment assistance has dramatically increased since the demise of subprime lending because it [...]

WASHINGTON – The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.

Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying [...]